Austin Housing Report for May 2022

Active listings in Austin swelled by nearly 150% May 2021-2022 as the region begins to recover from the “dangerously low” housing inventory of the pandemic housing frenzy, according to the latest Austin Board of Realtors report.

For the first time since September 2020, the metro saw 1.2 months of available inventory, up from a critically low 0.4 months in early 2020. Still, median home prices continued their ascent and increased almost 20% year-over-year to tie April’s record of $550,000.

Travis County

In Travis County, home sales decreased 6.2% to 1,654 sales, while sales dollar volume increased 9.5% to
$1,307,466,900. Last month, median price in Travis County rose 16.8% year over year to $625,000 as new listings decreased 4.9% to 2,221 listings and active listings increased 31.8% to 1,290 listings year over year.

Pending sales declined 7.3% to 1,759 as monthly housing inventory increased 0.2 months year over year to 0.8 months of inventory.

Williamson County

April home sales decreased 11.2% to 1,037 sales in Williamson County. Sales dollar volume rose 7.8% year over year to $591,103,957. The median price increased 18.8% to $510,000 as new listings fell 1.5% to 1,557 listings. During the same period, active listings rose 65.2% to 849 listings while pending sales dropped 10.2% to 1,154 pending sales. Housing inventory rose 0.3 months to 0.7 months of inventory.

Hays County

In Hays County, April home sales decreased 3.2% to 400 sales, while sales dollar volume rose 18.6% to $247,494,420. The median price for homes jumped 29.8% to $477,000. During the same period, new listings increased 11.7% to 629 listings, while active listings increased by 97.2% to 416 listings. Pending sales ticked down 1.2% to 517 pending sales as housing inventory rose by 0.5 months to 1.0 months of inventory.

About the author

Darian Rausch is the Broker/Owner of Urban to Suburban Realty.

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